Saturday, April 30, 2011

Voucher's not Solution to Healthcare Cost Reduction

link here to article

Mark Thoma, makes the point that healthcare is not a commodity market in which the use of "market" forces will fix. The great majority of economists would second his points and add to them. It will not make much difference to those on the far right like Paul Ryan because the myth of free markets is what they are selling to the public. Its really like religion that is based on faith rather than on reason.

On the other hand, Thoma believes in Winston Churchill's comment about American exceptionalism. We will keep trying things that don't work until we are forced to try something that will work. Eventually, high costs of healthcare will force us to move to a single payer system as the only way to fix the problem.

1 comment:

  1. Healthcare Cost Reduction Ideas and Incentives by Healthcare Financial Management association.

    Healthcare cost reduction

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